Aedas jumps after H1 revenue, net profit beat estimates

Aedas Homes

07/11/2024 10:15

** Shares of Aedas Homes  AEDAS.MC  rise around 7% after the
Spanish real estate company reported better-than-expected H1
results
    ** Renta 4 analyst Javier Diaz says that H1 revenue, up 77%
year-on-year, is above consensus estimates, while recurring net
profit is in line
    ** Diaz notes, however, that final net profit figure is
above consensus estimates due to a 15 million euros positive
accounting impact from buying Grupo Priesa's assets
    ** If gains hold, the stock will see its best day since
mid-March

 (Reporting by Tiago Brandao)
 ((Tiago.Brandao@thomsonreuters.com;))